4 ms·

I think the negative aspect of rent-seeking is not so much passivity, but the lack of value added.

• marcosdumay 5y ago
  It's a very new phenomenon that those two things are different, and it is still the case that they only differ on very few, very small niches. But yes, that seems correct to me.
  • jl2718 5y ago
    I don’t think so. Somebody once had to build the houses that they were collecting rent on. Time passes and what used to be value added becomes a simple matter of capital invested or inherited.
• Koshkin 5y ago
  Depends on what you mean by "value," I guess, but it seems to me that being an effective participant in market economy is impossible without bringing some kind of value to the table (if only indirectly or as a side effect).